I'm confused.
When you enter 1, the EA buys immediately ?
When you enter 1, the EA buys immediately ?
- #89
- Edited 8:43am Feb 20, 2008 8:41am | Edited 8:43am
Example of EURJPY Feb 20
In automatic, at 3:47 (GMT+1), the system gives a BUY order 0.23 at 159,20 (higher for several days ???).
Then, the prices decrease:
another BUY 0.46 at 158,95
another BUY 0.92 at 158,70
another BUY 1.84 at 158,42
another BUY 3.68 at 158,15
STRESS is increasing ( happily it's a demo account!)
Finally, the fifth trade is winner at 10:34 .
Just an observation:
at 3:47, the Stoch 1 hour was overbought ( > 90)
and with a stoch entry, normally the order was SELL and no BUY.
It was a winner trade without lost time and without stress.
I did not understand why the system has bought at highest for several days.
Excuse me, Rama, but I don't think that entry system is the must.
The stoch entry is a possibility but I thought also at MACD.
I attached two 30 mn chart with MACD (12.26.20) - note the high value of signal.
The crossing between main line and signal could give an entry.
I know it's many work for you, Rama, but we are trying to make a good EA.
Itīs a good point of view. I have 2 cents; ... i think itīs a good place to sell in this new high... the probability to falling down is bigger
lol. Like true happen. A stoch is welcome, to trade in the trend, can highly the profits with more winners trades and less wrong direction. Also can put a reverse condition, like Rama use. To increase the trades and lots.
My EA here was in the 3rd Sell order at EUR/JPY when you start your first Sell at 159,20. And close all when 158,80. Not bad.
Ps: i canīt see your attacheds.
- #90
- Feb 20, 2008 8:49am Feb 20, 2008 8:49am
LOL, i like this "Stress is increasing" ..
Itīs a good point of view. I have 2 cents; ... i think itīs a good place to sell in this new high... the probability to falling down is bigger
A stoch is welcome, to trade in the trend, can highly the profits with more winners trades and less wrong direction. Also can put a reverse condition, like Rama use. To increase the trades and lots.
My EA here was in the 3rd Sell order at EUR/JPY when you start your first Sell at 159,20. And close all when 158,80. Not bad.
Ps: i canīt see your attacheds.
I'm using now MAMethod 3 and MAPeriod 40: it's better.
I think MAPeriod 100 is too big.
What settings do you use ?
Do you use stochastic to entry ?
Hi guys:
I think you are using too risky parameters on a currency pair with very high volatility.
During a some time system will show good profits, but on back tests it says this way of trading is letal, specially on news or event days.
An MA of 40 is suicide.
Madscalp, are you using ReverseCondition (and taking your medicine)?
About stoch, i'm going to incorporate it, and all other indicators that help improve profits, reduce drawdown, etc. But not now.
I'm running the EA live. And today it misses an order at 108.25 of USDJPY. I really don't know why, but it happen. If it had entered, now it would be near it close level.
That's the kind of bugs i need to solve before continue adding new code. I mean code that increases version number.
I save a copy of Numeral code for future reference.
I have to go now.
Bye.
Rama
I think you are using too risky parameters on a currency pair with very high volatility.
During a some time system will show good profits, but on back tests it says this way of trading is letal, specially on news or event days.
An MA of 40 is suicide.
Madscalp, are you using ReverseCondition (and taking your medicine)?
About stoch, i'm going to incorporate it, and all other indicators that help improve profits, reduce drawdown, etc. But not now.
I'm running the EA live. And today it misses an order at 108.25 of USDJPY. I really don't know why, but it happen. If it had entered, now it would be near it close level.
That's the kind of bugs i need to solve before continue adding new code. I mean code that increases version number.
I save a copy of Numeral code for future reference.
I have to go now.
Bye.
Rama
Hi guys:
I think you are using too risky parameters on a currency pair with very high volatility.
During a some time system will show good profits, but on back tests it says this way of trading is letal, specially on news or event days.
An MA of 40 is suicide.
Madscalp, are you using ReverseCondition (and taking your medicine)?
About stoch, i'm going to incorporate it, and all other indicators that help improve profits, reduce drawdown, etc. But not now.
I'm running the EA live. And today it misses an order at 108.25 of USDJPY. I really don't know why, but it happen. If it had entered, now it would be near it close level.
That's the kind of bugs i need to solve before continue adding new code. I mean code that increases version number.
I save a copy of Numeral code for future reference.
I have to go now.
Bye.
Rama
About this kind of bugs.. here we go:
i donīt know if it is a bug or not, but,
eur/cad, gbp/usd, donīt open a trade since i start 2008.02.19 00:15.
Version 2.1 have more bugs (i think you already fix it)
With MaxTrades:7, CHF/JPY and EUR/CHF - Just open 2 orders. Happened more than 4 days/times.
and NZD/JPY -with MaxTrades: 7, just open 3 orders, happened 3 days
Also happened only once with USD/JPY, USD/CHF.
Rama, have anything i could do for help you with this great system?
- #94
- Feb 21, 2008 12:34am Feb 21, 2008 12:34am
Hi guys:
Madscalp, are you using ReverseCondition (and taking your medicine)?
Rama
My health is better http://www.forexfactory.com/images/icons/icon12.gif
I'm trying different settings about TP , Pipsteps and MAPeriod with only three pairs EURUDS, USDJPY and EURJPY.
I hope to reduce the risk by decreasing TP and PS.
What do you think about MACD 12.26.20 like entry ?
Did you see the graphs ?
Regards.
Hi guys,
Here is again MA Martingale v2.21.mq4 with some bugs fixed.
This morning i found my trade terminal with some lots that didn't entered.
And it starts to get dangerous. Afortunately, i could manage them manually, with stress like madscalp.
Now i have to take same medicine to continue trading.
Thanks god i found the problem. There is another variable missed or lost when EA restars = myOrderType. Used to identify what kind of order it must be placed: buy or sell.
So i recoded the EA making it static, and giving trader the option to set it manually.
I'm still working on version 3.
Regards
Rama
Here is again MA Martingale v2.21.mq4 with some bugs fixed.
This morning i found my trade terminal with some lots that didn't entered.
And it starts to get dangerous. Afortunately, i could manage them manually, with stress like madscalp.
Now i have to take same medicine to continue trading.
Thanks god i found the problem. There is another variable missed or lost when EA restars = myOrderType. Used to identify what kind of order it must be placed: buy or sell.
So i recoded the EA making it static, and giving trader the option to set it manually.
I'm still working on version 3.
Regards
Rama
- #98
- Edited 5:21pm Feb 21, 2008 4:57pm | Edited 5:21pm
The number of trades depends on what kind of moving average you use, and the characteristic of the pair traded.
Most active pairs are GBPUSD, USDJPY and USDCHF.
If you run EA on USDCAD it will be borring, and with the first martingale it blows your account if it entered on the opposite side. This pair moves in the same trend for long time without retraces. It doesn't give you any chance to quit the market.
Rama
Sorry for my english; Whats i mean, is they need 15 pips to do other buy/sell at pipstep, but the pairs goes more than 40, 50 and donīt open the 3rd or others pipstep orders.
About the pairs, i like to test in all of them..
maybe it is risky but we always learn something. Change the tp and pipstep, maybe is a solution to make them profitable. And, i have to congratulation you, the EA handle/work very well today with the big movements in all pairs. Again thanks for sharing.
- #99
- Edited 6:03pm Feb 21, 2008 5:00pm | Edited 6:03pm
Martingale can work but you need to put the market a little bit in your favour first.
This is how it done. Basically trade weekly and we exploit the fact that most weeks go somewhere but we dont know which way and profitable systems do NOT guess. First take euro for example and use black scholes options pricing based on the current volatility to give you some idea of next friday targets on a sunday night. Implied Volatility (IV) is 10.12% this week so that gives euro targets on friday 3.00 pm London time of 14850 OR 14550 rounded it to the nearest 50 pip increment which are touch targets for option players. If you dont know then google how to price options i dont have the space or time to explain here how this works but this was priced last sunday not when i wrote this as euro was at 14837 a few hours ago so 14850 is looking very good.
This is a deviation of about 150 pips for the week starting from the CLOSE of last friday night i have 1.4681 for this week. Now take the 150 pips expected target and divide by 5 days = 30 pips so this is my breakout price for the week. 1.4681 + 30 = 14711 and down side breakout = 14651.
So to recap i have 2 breakout prices 30 pips above and below friday close thus 14651 and 14711. Now you can see we know the targets and we have a breakout range which gives us about 100 pips potential for this week after breakout. Now simply go short below the low price and long above. The opposite price becomes STOP REVERSE and DOUBLE up. Dont even think about indicators or trailing stops or any such thing it dont work. It just so happens this week has been a real pig for this system but the prior 11 weeks have departed a breakout price and virtually gone direct to target every week. This week required 4 trades so 1 2 4 8 times up on lots now and hopefully will see 14850 tomorrow about 3 oclock. Becuase the martingale is required sometimes you must make sure that the 1st trade is very small so that by the time you get to trade 4 or 5 you are still in your comfort zone. I think this week is about as bad as it ever gets so lets see a system at its worst rather then its best so if you don't get underway on the 4th trade then walk away.
Now this is vital. If the target price is met after midnight Wednesday you MUST tp and close for the week. We have already established by Black Scholes that excess of 14850 this week is really pushing your luck so exit.
But if the target price is seen BEFORE Wednesday midnight then you attempt to take a reverse trade back towards the weekly open price. Always use the same stop as priced for this week so try once with a 30 stop. This is a very nice bonus trade if it works. Let the price spill over we are not concerned with spillage we are already out of the market and be sure its coming back before attempting a reversal this can take hours after an early target has been reached. In these cases the price is oversold over bought and there has been 3 weeks recently that achieved a 150/200 dip or push by as early as Tuesday morning then reversed perfectly for another 150/200 pips! On these early reversal weeks use discretion where you exit the weekly open price is often seen again.
Finally if targets are not met within 30 minutes of your broker closing on friday then exit regardless of profits or not and next week is a new week. IV and price targets must be calculated every week. Every week is different and every pair is different but by using the weekly market direction we have the market to assist us most of the time. Second by trading this over the week it prevents over trading and easier to manage manually using SMS alerts on MT4. The martingale trading gives as more chance to reach a breakout and still maintain a profit target. Without martingale this 4 trade week would be a losing week with no chance of recovery. On better weeks martingale is rarely used once or twice a week is the norm.
Ed to see the risks involved.
1st trade lost 60 pips at 1 lot = -60
2nd trade lost 60 at 2 lots = -120
3rd trade lost 60 at 4 lots = -240
total losses so far -420
Trade 4 is long from 14711 with 8 lots on board. If it makes the target of 14850 thats 139 times 8 lots = 1112 pips profit minus losses = +692. However if it loses again this week is catastrophic so trade tiny microlots
This is how it done. Basically trade weekly and we exploit the fact that most weeks go somewhere but we dont know which way and profitable systems do NOT guess. First take euro for example and use black scholes options pricing based on the current volatility to give you some idea of next friday targets on a sunday night. Implied Volatility (IV) is 10.12% this week so that gives euro targets on friday 3.00 pm London time of 14850 OR 14550 rounded it to the nearest 50 pip increment which are touch targets for option players. If you dont know then google how to price options i dont have the space or time to explain here how this works but this was priced last sunday not when i wrote this as euro was at 14837 a few hours ago so 14850 is looking very good.
This is a deviation of about 150 pips for the week starting from the CLOSE of last friday night i have 1.4681 for this week. Now take the 150 pips expected target and divide by 5 days = 30 pips so this is my breakout price for the week. 1.4681 + 30 = 14711 and down side breakout = 14651.
So to recap i have 2 breakout prices 30 pips above and below friday close thus 14651 and 14711. Now you can see we know the targets and we have a breakout range which gives us about 100 pips potential for this week after breakout. Now simply go short below the low price and long above. The opposite price becomes STOP REVERSE and DOUBLE up. Dont even think about indicators or trailing stops or any such thing it dont work. It just so happens this week has been a real pig for this system but the prior 11 weeks have departed a breakout price and virtually gone direct to target every week. This week required 4 trades so 1 2 4 8 times up on lots now and hopefully will see 14850 tomorrow about 3 oclock. Becuase the martingale is required sometimes you must make sure that the 1st trade is very small so that by the time you get to trade 4 or 5 you are still in your comfort zone. I think this week is about as bad as it ever gets so lets see a system at its worst rather then its best so if you don't get underway on the 4th trade then walk away.
Now this is vital. If the target price is met after midnight Wednesday you MUST tp and close for the week. We have already established by Black Scholes that excess of 14850 this week is really pushing your luck so exit.
But if the target price is seen BEFORE Wednesday midnight then you attempt to take a reverse trade back towards the weekly open price. Always use the same stop as priced for this week so try once with a 30 stop. This is a very nice bonus trade if it works. Let the price spill over we are not concerned with spillage we are already out of the market and be sure its coming back before attempting a reversal this can take hours after an early target has been reached. In these cases the price is oversold over bought and there has been 3 weeks recently that achieved a 150/200 dip or push by as early as Tuesday morning then reversed perfectly for another 150/200 pips! On these early reversal weeks use discretion where you exit the weekly open price is often seen again.
Finally if targets are not met within 30 minutes of your broker closing on friday then exit regardless of profits or not and next week is a new week. IV and price targets must be calculated every week. Every week is different and every pair is different but by using the weekly market direction we have the market to assist us most of the time. Second by trading this over the week it prevents over trading and easier to manage manually using SMS alerts on MT4. The martingale trading gives as more chance to reach a breakout and still maintain a profit target. Without martingale this 4 trade week would be a losing week with no chance of recovery. On better weeks martingale is rarely used once or twice a week is the norm.
Ed to see the risks involved.
1st trade lost 60 pips at 1 lot = -60
2nd trade lost 60 at 2 lots = -120
3rd trade lost 60 at 4 lots = -240
total losses so far -420
Trade 4 is long from 14711 with 8 lots on board. If it makes the target of 14850 thats 139 times 8 lots = 1112 pips profit minus losses = +692. However if it loses again this week is catastrophic so trade tiny microlots